NEWS RELEASE - For immediate release

April 9, 2013

Calgary, Alberta

MGold Resources Inc. ("MGold" or the "Corporation") announced today that the participation agreement previously announced on November 12, 2012, has been terminated on the basis that a condition of the agreement was not satisfied.  The project partner did not obtain the required working interest in the property and therefore MGold will not participate in the re-entry or the placing on production of the Devonian D-3 well.